Total amount raised
$48.2 Millions
Latest funding date
07/01/2024
Location
Curri has successfully raised significant funding through multiple rounds, including a notable Series B round. The company is dedicated to revolutionizing last-mile delivery for the construction and industrial supply sectors with its comprehensive logistics platform.
With backing from investors like Applico Capital and Santa Barbara Venture Partners, Curri continues to expand its services and capabilities. Keep reading to explore the intricacies of Curri's fundraising journey and the investors supporting this innovative platform.
What Is Curri?
Curri, founded in 2018 by Brian Gonzalez and Matthew Lafferty, is a logistics and supply chain management company based in Ventura, California. The company specializes in last-mile delivery services for construction and industrial supplies.
Operating with an "Uber-like" model, Curri connects supply stores to customers through its app, offering various delivery options such as same-day, rush, scheduled, and dedicated services. With a team of 101-250 employees, Curri leverages advanced technology to provide real-time visibility and optimize supply chains.
How Much Funding Has Curri Raised?
- Pre-Seed Round
- Amount Raised: $150K
- Date: August 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Curri's logistics platform.
- Seed Round
- Amount Raised: Not disclosed
- Date: May 2020
- Lead Investors: Initialized Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand initial operations and refine the logistics technology.
- Series A
- Amount Raised: $6M
- Date: April 2021
- Lead Investors: Brick & Mortar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance service offerings.
- Series B
- Amount Raised: $42M
- Date: June 2023
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To put toward product development, infrastructure, and sales and marketing initiatives.
- Series B
- Amount Raised: Not disclosed
- Date: July 2024
- Lead Investors: Applico Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand Curri's last-mile delivery solutions for the construction industry.
Total Amount Raised: $48.15M
Current Valuation: Not publicly disclosed
Key Investors
- Applico Capital
- Details: Applico Capital is a venture capital firm that focuses on investing in platform businesses. They aim to support companies that leverage network effects to scale rapidly.
- Investment Focus Areas: Platform businesses, technology, logistics.
- Notable Investments: Not publicly disclosed.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is one of the oldest venture capital firms, with a history of investing in early-stage companies. They have a global presence and a diverse portfolio.
- Investment Focus Areas: Enterprise software, consumer technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest, Twilio.
- Brick & Mortar Ventures
- Details: Brick & Mortar Ventures is a venture capital firm that specializes in investing in construction technology startups. They aim to modernize the construction industry through innovative solutions.
- Investment Focus Areas: Construction technology, real estate, industrial technology.
- Notable Investments: Not publicly disclosed.
- Initialized Capital
- Details: Initialized Capital is an early-stage venture capital firm founded by former Y Combinator partners. They focus on investing in companies at the seed stage.
- Investment Focus Areas: Technology, consumer products, software.
- Notable Investments: Coinbase, Instacart, Reddit.
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since its inception. They provide seed funding, mentorship, and resources to early-stage companies.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: Airbnb, Dropbox, Stripe.
What's Next for Curri?
Curri's future looks promising with the recent $42 million Series B funding, which opens up significant opportunities for product development, infrastructure enhancement, and expanding sales and marketing initiatives. This substantial investment positions Curri to capitalize on the growing demand for efficient logistics solutions in the construction and industrial supply sectors.
As the logistics industry continues to evolve with advancements in technology and increased investment, Curri is well-placed to attract further funding. The company's ability to demonstrate growth and market penetration will be crucial in securing additional rounds of investment. However, Curri will need to navigate challenges such as intense competition and the efficient utilization of raised funds to maintain service quality while scaling operations.
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